News

State team to visit local eco-dev projects

By GREGORY ZELLER // As it prepares to submit requests for another $100 million or more in state aid, the Long Island Regional Economic Development Council is proudly showing off some of its brightest accomplishments to date. As part of a region-by-region tour of economic-development council projects, a team of high-profile state officials is visiting Nassau and Suffolk on Wednesday, checking in on some of the highest-profile projects funded by the annual REDC awards. Kevin…


Discovering a world beyond contract research

By GREGORY ZELLER // Cold Spring Harbor Laboratory spinoff Certerra Inc. is finally getting ready to spin off. Founded in 2011 by CSHL associate professor Pavel Osten and venture capitalist Steve Winick, Certerra screens drugs to test their effectiveness on a broad spectrum of brain-based disorders. Until now, the company has focused on mouse brain scans for pharmaceutical and biotechnology clients, helping them improve predictability before their experimental compounds move on to human clinical trials….


The Debrief: Kevin Law on Jeter, Trump and taxes

Few individuals play as influential a role in the Long Island economy as Kevin Law, president and CEO of the Long Island Association, chairman of business booster Accelerate Long Island and co-chair of the Long Island Regional Economic Development Council. We chatted about unemployment, infrastructure and Derek Jeter. In Kevin’s words: OK, JETER FIRST: We’re thrilled that Derek Jeter will be the guest speaker at our LIA fall luncheon in October. We had Mitt Romney…


Teq inks NY distribution deal

Huntington classroom-technology producer Teq has announced a new distribution deal covering its home turf. Teq has been named the exclusive provider of SMART Education Solutions software and hardware for all New York State K-12 school districts. The company will provide the latest SMART interactive displays and software to public school districts across the state, in addition to professional development products and SMART-qualified tech support. Among the products to be distributed through the exclusivity deal is…


Hot biotech startup Coferon decamping for Florida

By GREGORY ZELLER // Coferon, a biotech firm headed by former OSI Pharmaceuticals chief Colin Goddard and a rising star in the region’s innovation economy, has abruptly left its incubator space at Stony Brook University and is likely heading for Florida. Company co-founder Maneesh Pingle declined to comment on why the startup had left the incubator, saying only that the firm was “still working out the details” and that company officials would be making a…


Envisagenics lands $225K NIH award

Bioinformatics startup Envisagenics has been awarded a $225,000 award from the National Institutes of Health. The Phase I Small Business Innovation Research Award is the largest capital infusion to date for the LaunchPad Huntington resident, which received $100,000 last month from an Accelerate Long Island seed fund. The firm, a spinoff from Cold Spring Harbor Laboratory, will dedicate the $225,000 to the development of SpliceCore, a cloud-based platform for detecting, quantifying and interpreting NGS data…


Hazen’s Angel Dough leads local firms on Inc. list

By GREGORY ZELLER // A Hicksville investment firm that cracked the top 100 and a Holbrook website-development firm has leapt into the top third are among the Long Island companies leading the charge into Inc. magazine’s list of fastest-growing companies. Hicksville’s Angel Dough Ventures ranked No. 72 on the annual rundown of the country’s most fruitful private firms. Inc. tracked company development between 2012 and 2014 to assemble this year’s list, and reported 4,063 percent growth…


A little more help for craft beverages

New York has made life a little easier for craft beverage companies. Three new laws signed by Gov. Andrew Cuomo ease burdens on microbreweries, farm distilleries and retail enterprises engaged in the craft-beverage business. Under the retail-focused law, retail outlets that sell beer, cider and liquor are now authorized to conduct tastings without the manufacturer or wholesaler being present, overturning previous laws requiring the participation of a representative of the craft-beverage-maker. State Sen. Carl Marcellino…


Zach Lippman has big plans for agriculture

By GREGORY ZELLER // You say “tomato.” Zachary Lippman says “scientific breakthrough of global importance.” He doesn’t literally say it, of course. The associate professor at Cold Spring Harbor Laboratory is too professional a scientist to jump to such grandiose conclusions. But Lippman’s research on stem cell production in tomato plants has already produced supersized fruits. It’s already attracted the attention of commercial-scale breeders. And it appears to extend to other seed-bearing fruits and even…


LI lagging only NYC in worker pay abuse

Any economy, including an innovative one, is built on the backs of a healthy and well-treated workforce. But at least on its lowest professional levels, Long Island is earning a reputation for wage theft and other worker abuses. According to Gov. Andrew Cuomo’s office, during the first seven months of 2015, New York State investigators returned more than $18.1 million to nearly 19,000 workers across the state who weren’t paid the proper minimum wage or…


The great disconnect on trust and credibility

By DAN BOWEN // In the B2B marketing world, nothing is more important than trust and credibility. All the website optimization and responsive design in the world means nothing without these two basic human components. Buyers seek it out in all corners of vendor websites and vendors go to great lengths to convey it. Somewhere in the middle is the undeniable power of content. Content is often labeled the most important asset to impact the…


NASA tests its heading-for-Mars rocket engine

NASA hot-fired an RS-25 engine on Thursday, one of four that will power the core stage of the agency’s new Space Launch System and carry the agency’s Orion crew capsule as part of a future journey to Mars and other deep space destinations. The test, at NASA’s Stennis Space Center in Mississippi, is part of a series designed to put the upgraded former space shuttle main engines through the rigorous temperature and pressure conditions they will…


Israel, state officials call for Alzheimer’s initiative

U.S. Rep. Steve Israel and State Assemblyman Charles Lavine joined forces at North Shore-LIJ’s Feinstein R&D center on Tuesday to renew a call to turn the Empire State into a national focal point for Alzheimer’s disease research. Joining the pair: State Sen. David Carlucci, a Democrat from mid-state Clarkstown. The initiative, according to the lawmakers, would mirror California’s approach to stem cell research and that state’s 2004 Stem Cell Research and Cures Act, which among…


With VNS, additional strides in controlling epilepsy

By GREGORY ZELLER // Dr. Ashesh Mehta, head of North Shore-LIJ’s epilepsy care center, performed two surgeries on July 24, one fairly routine, one a bit less so. For now, anyway. Both involved VNS, or electrical stimulation of the vagus nerves, the long bundle of fibers connecting the brain and abdomen. The first replaced the battery in an existing vagus-stimulation device implanted in a 30-year-old woman. As surgical procedures go, pure housekeeping, Mehta noted. “After…


Checking in on LI’s post-doctoral promise

By GREGORY ZELLER // When Accelerate Long Island chief Mark Lesko takes the stage Friday at Cold Spring Harbor Laboratory’s annual Postdoc Retreat – as part of a panel on regional startup opportunities – he’ll pack a portfolio brimming with evidence of the Island’s entrepreneurial health. He’ll also bear glad tidings for the future of what he considers LI’s “dynamic entrepreneurial environment.” Accelerate, a commercialization catalyst bridging ideas and investments, has now staked nine early-stage…